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The pullback of $ETH seems to be continuing, and since the long positions liquidity at 3500 is still increasing, a two-stage ABC pullback can be expected, just enough to reach near 3500 and liquidate short-term long positions.
This pullback is very healthy, and the futures positions that drag down the price's continuous rise often come from high-leverage short-term long positions. Even if this wave of market is driven by spot, excessive profits from futures long positions can also become supply.
Last night on a certain platform